OrderFlow charts and Notes 16/09

General Chat Transcript

Room Name: VtrenderDate and Time: September 16, 2014 09:24:55

[09:03]Shai : Gm all[09:03]r m : Good Morning folks![09:04]Shai : http://vtrender.com/levels-and-plan-for-16th-sept/[09:11]Sharad : GM all[09:13]Amit J : GM[09:16]Kathir : Good morning Shai RM amit sharad all[09:16]r m : Hi Kathir[09:19]Sharad : Hi[09:21]Shai : open at the edge of yesterday[09:22]Shai : where there were buyers between 8050- 8060[09:22]Shai : More liekly a test of 8016[09:22]Shai : sl of 8062[09:22]Chiranthan : short NF?[09:23]r m : @Kathir, 8000PE is expected to touch 57-58 at 8016[09:23]Shai : Yes NF short- 8045 sl 8062, tgt 8016[09:23]Shai : NF in hypo 1[09:24]Shai : 8062 is VAL and we will not hold shorts above that on intra[09:27]Shai : BNf back at 16160- 16170 where there were good buyers yesterday[09:28]Shai : http://vtrender.com/premium/orderflow-charts-and-notes-1509/[09:28]Kathir : @rm ok[09:31]Sumit : gm everyone[09:31]r m : Hi Sumit[09:31]Kathir : unitech 5% up[09:31]Kathir : hi sumit[09:40]Kathir : @rm what will be the price of 8100 ce @ 8016 today[09:40]Amit J : now breakout came from shai’s level[09:41]Kathir : amit unitech lot size 17000?[09:44]r m : @Kathir, 8100CE @8016NF should be about 30[09:45]Kathir : ok ge thanks[09:46]r m : welcome ge 🙂[09:48]Kathir : @rm the stars in US flag represents the no of states – 50 ?[09:48]Shai : Lots of people will be eyeing counter trend longs around 8016 to 7990[09:49]Shai : so if the NF short comes to 8226 we take profit and move stops to 8049 for the day[09:49]r m : yes, they used to represent number of states but I guess the states are 51 now[09:49]Chiranthan : 8226?[09:49]r m : 8026[09:49]Shai : 8026* . Thanks[09:50]Chiranthan : ok[09:50]Kathir : ok…indian flag was not designed like that..otherwise stars would have increased drastically after independence[09:51]r m : even spokes in Ashoka wheel are only 24 in number 🙂[09:51]Shai : In BNF 16212 cross will give a l;ong trade to 16255 with sl of 16180[09:51]Kathir : 🙂[09:51]Shai : also 80% rule comes into play[09:53]Kathir : @shai USD/INR same levels 60.90 and 61.44[09:54]Shai : yes that market is in wait mode now for FED[09:55]Kathir : ok[09:59]r m : @Kathir, there were 48 stars to begin with, more were added when Alaska and Hawaai became full fledged states![09:59]r m : http://en.wikipedia.org/wiki/Flag_of_the_United_States[10:00]r m : when vix is so low one can even discuss flags without missing any trade 😀[10:01]Shai : vix rose yesterday to get to the 13.5 tgt[10:01]r m : yes[10:01]Shai : Now we can give it 1 more point if it crosses 13.5 to 14.5 ! 🙂[10:02]r m : ok[10:02]r m : that 14.5 should bring Nifty below 8K[10:03]Shai : hmm[10:03]Shai : Bulls are emotional guys these days[10:03]Shai : 8 fig was won after a liftime of battles[10:03]Kathir : @RM ok[10:03]r m : emotional about figure of 8? 😀[10:03]Shai : 8xxx[10:03]r m : yes[10:04]Shai : stayed in the 7xxx for few months only[10:04]r m : coming above 2008 highs was a big battle in itself[10:05]Sumit : yes. and market has not looked back after that[10:06]Shai : It won’t 4500- 6350 was a big yearly balance on the yearly TF[10:06]Shai : so break of that is imabalance and imbalances are always quick[10:07]Sharad : So Shai what you want to say 6350 will not come in hurry or will not break in hurry[10:07]Shai : more likely the market spends time now btw 7900- 8350 for th rest of this year[10:08]Shai : Sharad at some stage 6350 will be visisted – but that should be the lowest we get[10:08]Sharad : ok[10:08]Shai : but that is in the multi year TF[10:08]r m : there will be a stamped of left out buyers there 🙂[10:09]r m : stampede[10:09]Shai : for us we look now at 7900 and 7500 spot[10:09]Mandar : 6350 surely not till @rm supports Modi. 🙂[10:09]Shai : preferbaly we close this year or in Jan at highs then next year will be consoildationa nd 2016 again a drive[10:10]Sharad : drive till 10000+[10:10]Shai : presonally I feel 7900 will hold and we go back and forth now for the rest of this year to upup 8300[10:11]Shai : “Targets for the Upmove remain 7900 spot (achieved) and 8300/ 8581 in the medium term. Support at 7900/ 7500 spot. Our Profile studies indicate 11600 as a long term target on the Nifty in 2016-17 provided 6300 holds through 2015 ”[10:12]Shai : Modi has not lost a re-election – so the bulls are safe 🙂[10:12]r m : lol[10:12]Mandar : lol[10:13]Kathir : LOL[10:13]Shai : real problem is if Modi does not come back – as there is no one else in the country who can get those numbers back[10:13]Shai : I would say 15 years of Modi Sarkaar as an optimist 🙂[10:13]Shai : enough for the bulls[10:14]Mandar : yes thats the agenda[10:14]r m : twitter reply to Congress taunts on lack of “Achhe din” after 100 days – “don’t get desperate – there are still 3550 days left” 🙂[10:14]Mandar : lol[10:14]Kathir : lol[10:14]Shai : 🙂[10:18]Kathir : @SHAI bnf long trade above 16212 SL hit[10:21]Sharad : even i am also long @ 16214[10:25]Kathir : SHARAD shai’s Sl was 180 so i exited there[10:28]Sharad : i could not sell so still long[10:28]Anay : @Shai 10 min OF plz chart[10:28]Anay : * chart plz[10:28]Sharad : market is slow so not in a hurry[10:30]Sharad : and we are still in IB so will will sell on brek of IB[10:30]Kathir : OK[10:31]Sharad : and it was a counter trend so only half qty[10:31]Kathir : ok[10:35]Kathir : IB low and PDL almost same[10:35]Kathir : bnf[10:37]Anay : 8100 PE has a resistance near 100[10:37]Shai : Those with a slightly bigger horizon should start dipping into ce’s now[10:38]Chiranthan : NF CE’s?[10:38]Shai : max downside from here is at 7980 spot- we have done 8020[10:39]Shai : yes nifty[10:39]Chiranthan : continue to hold intraday NF short?[10:39]Shai : tgts 8100 spot and 8170 spot[10:39]Shai : Trail NF shorts at 8052[10:39]Kathir : @shai what would be the max level bnf can go this month if it goes upside from here[10:40]Shai : I had maintained 16335 spot as a tgt from the start of the series[10:40]Shai : further upside only abv 16335 spot cross[10:41]Shai : 17100 tgt[10:41]Shai : This series may be capped below 16500 spot[10:42]Shai : NF and BNF orderflow is mixed[10:42]Shai : more local to local[10:42]Kathir : ok thanks[10:42]Shai : In NF conservatives will not enter longs till day VAL is crossed at 8063F[10:44]Kathir : @shai what is the supp and resi for reliance fro here.[10:47]Chiranthan : Can I buy NF 8200 CE sep series?[10:47]Shai : reliance cash 989 looks max downside and 1018 res[10:48]Shai : Chiranthan 8200 ce not good for sept- 8100 ce is better or try 8300 ce OCT[10:48]Chiranthan : ok[10:48]Kathir : @shai thanks[10:49]Shai : We will exit NF shorts if 8035 gets a visit again[10:51]Mandar : Livemint ‏@livemint · 4m Bypoll Shocker: Little to cheer for BJP as SP leads in UP on BJP-held states while Congress leads in 4 out of 9 seats in Gujarat[10:52]r m : that should inject oxygen in Congress blood vessels![10:53]Mandar : i think its too early.[10:53]r m : yes[10:54]r m : but that is the way Congress and media will interpret it, three cheers for them 🙂[10:54]Mandar : lol[10:54]Kathir : 🙂[10:55]Mandar : that installs more confidence that Modi will deliver.[10:55]r m : @Shai, 8070 spot still the stop for 8000PE?[10:55]r m : Modi will do things slowly and surely, he is in no hurry unlike opposition 🙂[10:56]Mandar : true[10:56]Shai : RM book near 8020- 7980 spot zone[10:56]r m : ok, thanks[10:57]Kathir : @amit what is the supp for 16500 bnf ce[11:02]Kathir : @Anay what is the supp for 16500 bnf ce[11:02]Shai : Prfile os 1st sept- http://screencast.com/t/nQDiz5Dv8[11:03]Shai : Those simgle prints are the early buyers of the series and likely to defend price[11:03]Kathir : so the bulls will enter between 8030 -8015[11:04]Anay : @Kathir 60-65[11:04]Kathir : thanks anay[11:04]Shai : Like what the bulls did to bear at 8200 , the bears are hoping to keep price down here and force them to liquidate[11:05]Shai : 8000 pe is not reducing today- so there is a fight[11:07]Narendra : shai view on jublfood fut[11:07]Shai : Intra day OI % change- http://screencast.com/t/9muAuUnWUm[11:07]Narendra : have short position[11:07]Narendra : what should be the sl in short jublfood[11:11]Shai : jubl food is hitting a support[11:13]Shai : I won’t recommend staying short if price goes up abv 1303[11:13]Shai : if 1292 breaks then clear road tpo 1273 and even 1260 likely[11:14]Narendra : ok thanks[11:17]Shai : mw[11:36]Anay : @Shai is there anyway u cud keep the 10 min OF chart on screen all the time?[11:37]Shai : ok- but it will be mini version[11:37]Shai : space constraints[11:38]Anay : sure[11:43]Shai : on screen now – just above the profile charts on screen 2[11:44]Sharad : BNF shows all day more buyer in 10 min chart[11:45]Shai : yes except for that breif period at 16180[11:50]Shai : Keep exits for the NF in the 8030- 35 range[11:51]Shai : Today BNf moving down more than NF[11:52]Anay : Thanks[11:54]Sharad : yes this is good Thanks Shai.. keep this daily[12:02]Sharad : Shai this indictaes what ? orders entered as buy or sell OR orders executed as buy or sell[12:17]Shai : sure[12:17]Shai : These are all the orders entered on buy side or sell side in last 10 mins[12:18]Shai : the difference between the top pane and the green pink orderflow is that the top pane is the agressive orders[12:18]Shai : Or they were not taken at limit prices[12:19]Sharad : ok understood[12:20]Shai : below 8035 is our exit sign[12:20]Shai : still the seller in control and we may still go down- but risk is rising on the short trade and hence exit for us conservatives[12:27]Shai : 16105 a support in BNF[12:27]Shai : if 16101 holds we go to 16170/ 16205[12:29]Kathir : @SHAI in bnf MP chart there is a referrence at 16072 what is that..support?[12:30]r m : should be 2IB mark i think[12:31]Kathir : ok[12:31]Kathir : same at 16304[12:31]Chiranthan : BNF longs here?[12:33]Shai : Wait Chiranthan[12:33]Chiranthan : ok[12:33]Shai : We have a view- let’s see if OrderFlow confirms it[12:34]Shai : If you are looking to go agressive enter the sl at 16099 in system and trade[12:35]Shai : 16070 worst case below 16100[12:35]Shai : Buyers are responding in BNF[12:41]Kathir : @rm what is the price of 16500 ce bnf @ 16080 now?[12:41]Shai : 8025[12:41]Shai : buyers trying to mop up the selling[12:42]r m : @Kathir, 52[12:42]Kathir : thanks ge[12:42]r m : welcome[12:43]r m : touched 53.50 only 🙂[12:43]Shai : 16071[12:43]Anay : BNF does 16071[12:44]Sumit : algo in bnf at lows[12:45]Shai : buyers they were[12:46]Chiranthan : SL can be set below 16070 for bnf long?[12:46]Kathir : @RM 51.90 low[12:46]r m : yes[12:46]Kathir : bought 53 sold 56 🙂[12:46]r m : not bad 🙂[12:46]Shai : yes chiranthan 16065- hard stop[12:46]Kathir : waiting for shai’s signals[12:46]Shai : exit near 16140-150[12:46]Chiranthan : target?[12:46]Chiranthan : ok[12:47]Shai : NF – anyone wants to trade aggressive calls can buy part here[12:47]Shai : NF trade safe abv 8048 only now[12:48]Shai : 1st tgt 8070-80[12:48]r m : what is the stop for aggresive buy here?[12:48]Shai : NF stop is 7992- recommending only a part on the presumption that 8016 will hold[12:49]r m : Thanks[12:49]Shai : or can exit that part below 8014 and rebuy near 7990[12:49]r m : ok[12:50]Shai : Can see buyers trying to absorb the supply- but we wait for that blue candle to be big[12:51]Chiranthan : BNF SL hit[12:54]Nitin : aggressive selling coming in stocks[12:57]Shai : 8002 spot[12:58]Shai : Yes Nitin- Midcap will bleed[12:59]Shai : OrderFlwo candles are still red[13:00]Kathir : nifty spot trying its best to meet shai’s 7980[13:01]Nitin : i think below 7990 spot there will be heavy selling in midcap[13:01]Kathir : ok[13:05]Nitin : DLF>>>>>[13:06]Anay : 40 is last support for BNF 16500 CE[13:06]Shai : that had writers- you track it from buyer point of view?[13:06]Anay : both….[13:06]Anay : 🙂[13:08]Shai : way beyond vwap band[13:08]Nitin : seems we are in hurry to visit 7955[13:08]Shai : could be the election results[13:08]Shai : fickle bulls[13:10]Shai : My view last week was we will look at 7980 spot and close series near 8100[13:10]Shai : Now have to see buyers here[13:11]Shai : 7955 is the gap low on spot?[13:11]Shai : 7955?- (13:08) Nitin :seems we are in hurry to visit 7955[13:12]r m : gap low o 1st sep was 7984 on spot[13:13]Shai : and close on expiry was?[13:13]r m : 7951[13:13]Shai : thanks[13:13]r m : welcome[13:15]Shai : Not a lot of selling in BNF[13:15]Shai : but still price dowm below 16070-16100[13:16]Anay : 8k PE at resistance[13:17]Shai : 1st sign of blue[13:20]Shai : cross of 8017 will take it to vwap 8037[13:30]Kathir : reliance down more than 2 %[13:30]r m : yes, broke thru that support at 988[13:32]Kathir : yeah’[13:37]Anay : NF below VWAP band[13:38]Amit J : 7955 is spot or future[13:38]Sharad : 7955 spot …and it is here now[13:38]r m : spot low is 7950, gap filled[13:39]Nitin : BNF near support?[13:39]Amit J : no failed auction[13:39]r m : 7955 was the FA[13:39]r m : futue[13:39]r m : future[13:42]r m : http://screencast.com/t/rcE7OxWep12[13:44]r m : 300K volume for 7980-7970 bar in NF[13:45]r m : 341K actually[13:47]r m : chart not refreshing?[13:49]Sumit : its not[13:49]Sumit : now it is:)[13:50]r m : 🙂[13:50]Sumit : stuck again?[13:51]r m : looks like that[13:51]r m : or in slow action mode![13:54]Chiranthan : 8100 CE a good buy now?[13:55]Anay : yes…series low is 15…can keep a stop below that[14:09]Anay : BNF looks good for swing long?[14:09]r m : if the green stays 🙂[14:10]r m : trend days generally close at lows[14:10]Anay : hmm[14:12]r m : pink banished immediately![14:15]Shai : am back 🙂[14:15]r m : good 🙂[14:15]Shai : The bears pushed my sytem down 🙂[14:15]r m : lol[14:15]Anay : 🙂[14:15]Shai : charts fine?[14:16]Anay : yes[14:16]Shai : cool[14:16]Kathir : LOL[14:16]Shai : 7996 ref line for longs still[14:16]Shai : we have to visist 8028 again[14:16]r m : @Shai, noticed that twitter signals not coming this week, that system in down?[14:17]r m : *is down[14:17]Shai : will get it checked[14:17]Shai : there was a nice short alert on BNf at 16170[14:17]r m : ok[14:19]Shai : If we don’t cross 7996 we risk closing at lows possibly 7944 F[14:19]Narendra : not recieving anything on twitter[14:21]Shai : there is a problem – we will sort it[14:26]Chiranthan : your view on hexaware?[14:26]Chiranthan : and 8100 ce[14:30]Shai : Hexaware 165 -165.9 good supp[14:30]Chiranthan : ok[14:30]Shai : second line of supp at 159.5[14:31]Shai : can be good buys in this range[14:32]Shai : 8100 ce buy as close to the lows as possible today or add above 8097 F[14:32]Shai : * as close to the day close[14:32]Chiranthan : Thanks[14:33]Anay : above 8097?[14:33]r m : 7997 🙂[14:34]Anay : 😉[14:34]r m : Now Shai is used to 8XXX 🙂[14:35]Amit J : shai can we expect 7955 as sl for longs[14:47]Shai : Amit 7942 sl better[14:47]Shai : just few below that 7955 F[14:47]Shai : we may close there today[14:53]Shai : 80% increase in 8000 ce over yesterday[14:54]Shai : these giys will fuel the move up if NF rises from thursday[14:54]Shai : 15840 supp in BNF[15:04]Shai : last 20 mins – watch to see if early shorts cover[15:04]Shai : drop is about 240 points now[15:08]Shai : shakeout move or more?[15:08]Shai : 7956[15:08]Shai : (14:19) Shai :If we don’t cross 7996 we risk closing at lows possibly 7944 F[15:15]Mandar : A wild guess– bottom around 7850.[15:18]Kathir : 7850?[15:18]Kathir : 100 from here[15:18]Mandar : yes[15:18]Kathir : ok[15:19]Mandar : its wild:-)[15:20]r m : Wild Wild West takes over tomorrow with Yellen shooting from the hips 🙂[15:21]Mandar : lol[15:24]Kathir : lol[15:24]Kathir : @shai any ce buying here ?[15:24]Kathir : now[15:24]Shai : yes[15:25]Shai : buy[15:25]Kathir : bnf 16200 ce ok?[15:25]Shai : ok[15:25]Mandar : seems kathir playing against herd mentality.[15:25]Shai : have to hold till friday[15:25]Shai : so position size accordingly[15:25]Kathir : 🙂 just a try mandar..ok shai[15:26]Mandar : 🙂[15:27]Shai : sonmetime dutring this week itself we will get 8020 again- that is +60[15:27]Mandar : ok[15:28]Shai : close is more of a shakeout[15:28]Shai : an open which holds 7942 tom will give 7996 early morning[15:28]Mandar : bullish only above 8030?[15:28]Shai : yes[15:29]Shai : but we are entering a support zone[15:29]Mandar : ok[15:29]Shai : I would have preferred 7996 to hold at close[15:29]Amit J : fed statement expected to be positive[15:29]Shai : Now risk of extension is there to 7892 F below 7942[15:29]Mandar : ok[15:30]Shai : but this is a support band at 7920 spot also[15:30]Kathir : fed today?[15:30]Shai : weak close- avg volumes[15:31]Shai : such falls have done 18 million in volumes previously[15:31]Shai : today only 12[15:31]Shai : Bye all[15:31]Anay : bye all[15:31]Nitin : bye[15:31]Mandar : Bye all.[15:31]Kathir : Thanks and bye all…:)[15:34]r m : bye folks, have a great evening 🙂